Jacksonville Market Report 4th Quarter 2018

As 2018 came to a close it was clear that despite slower movement in the market the Jacksonville economy continued its upward trend.

Jacksonville’s labor market ended strong with unemployment rate at 3.1% in December — the lowest reported rate since 1990. Key economic indicators such as population growth, unemployment rate and wage growth, show Jacksonville is well positioned for continued growth in 2019.

New business opportunity in Jacksonville continues to prosper with a steady growth of startups in technology, and continuing expansion in healthcare. Additionally, some major economic development projects continue to progress that will provide hundreds of jobs to Jacksonville residents in the upcoming year.

We expect to see some fluidity in the early months of 2019; however, consumers and business owners in Northeast Florida are optimistic for the year.